G-20 - What's the world coming too?

It's not looking good for old fashioned capitalism and the beleaguered Dollar. Europe, while loving Obama and his appeasing attitudes toward Islamic terrorist nations ( oh, I'm sorry, I forgot that by command from the omnipotent one, we are no longer supposed to call them terrorists. They are people that cause man-made disasters!) the Euros are digging in, especially the Germans, and are not agreeing to Obama's and Britain's Gordon Brown idea that we need to spend and tax our way out of this mess. Hallelujah!

On the surface that's good news, but the wolves smell blood and Russia and China are looking to gang up and try to make a move to a global currency, one that is no longer backed by the Dollar but instead is backed by Gold. That would be a disaster for America. Without the gold to back our reckless spending the only choice would be to devalue the Dollar.

It may seem like a far-fetched idea, but we're in new territory here, with all of the past practices and paradigms being turned on their head. Be watchful of "Global this" or "Global that" coming out the announcements from the meetings. That could be the signal for the beginning of the end.

For those interested, here's the schedule for the meetings for the next few days